Identify the Account Title That May Be Used to Record

question 50

Multiple Choice

Identify the account title that may be used to record borrowing cash in exchange for a promissory note.

• A) Note Payable
• B) Stock Certificate
• C) Retained Earnings
• D) Common Stock

---

Definitions:

Grocery Industry

A sector of the economy focused on the retailing of food and supermarket-based products, including the distribution and sale of fresh, frozen, and canned foods.

Supermarket Concept

A retail model characterized by a large, self-service grocery store offering a wide variety of food and household products, organized into departments.

Formal Order Releases

Official documents issued to authorize or initiate the production or procurement of items in a manufacturing or supply chain context.

Bill Of Material

A comprehensive list detailing the raw materials, parts, and components, along with the quantities of each, needed to manufacture a product.